Heritage Commerce (HTBK) Set to Announce Earnings on Wednesday

Heritage Commerce (NASDAQ:HTBK) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, January 24th. Analysts expect Heritage Commerce to post earnings of $0.21 per share for the quarter.

Heritage Commerce (NASDAQ:HTBK) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm had revenue of $28.78 million for the quarter, compared to the consensus estimate of $28.70 million. Heritage Commerce had a net margin of 26.40% and a return on equity of 11.15%. On average, analysts expect Heritage Commerce to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Heritage Commerce (NASDAQ:HTBK) opened at $16.50 on Wednesday. The company has a market cap of $630.28, a price-to-earnings ratio of 21.43, a PEG ratio of 1.62 and a beta of 0.51. Heritage Commerce has a 52-week low of $12.76 and a 52-week high of $16.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.77.

A number of brokerages have issued reports on HTBK. Brean Capital set a $18.00 price target on shares of Heritage Commerce and gave the company a “buy” rating in a report on Friday, January 12th. BidaskClub upgraded shares of Heritage Commerce from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine downgraded shares of Heritage Commerce from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, Zacks Investment Research upgraded shares of Heritage Commerce from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.67.

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Heritage Commerce Company Profile

Heritage Commerce Corp is a bank holding company. The Company, through its subsidiary Heritage Bank of Commerce (the Bank), provides a range of banking services. The Bank is a California state-chartered multi-community independent bank that offers a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees.

Earnings History for Heritage Commerce (NASDAQ:HTBK)

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